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Maybank reports 16% rise in Q1 pre-tax profit

Maybank has announced a pre-tax profit of MYR1.01 billion for the first quarter ended September 30, 2007, 16.5% higher than MYR871 million recorded in the corresponding period last year.

Net profit for the quarter rose 29.3% to MYR735.4 million compared with MYR568.7 million in the prior-year period.

Datuk Amirsham Aziz, president and CEO of Maybank, said: The sustainable income arising from our strong franchise in Malaysia as well as contributions from our overseas operations has better enabled us to face the increasingly challenging operating environment, not only domestically but also regionally.